Woodside CEO Says Higher Winter Gas Prices Show Nervous Market [BNN Bloomberg (Canada)]
Tellurian Inc. (TELL)
Last tellurian inc. earnings: 2/24 07:00 am
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Source: BNN Bloomberg
“What we are seeing in the forward curve, particularly in Asia, is actually a bit of a tick-up versus a typical pricing level,” Meg O'Neill, the chief executive officer of Woodside Energy Group Ltd., said in an interview on Bloomberg TV. “The market is nervous about a cold winter and what that means, and customers are trying to get ready.” While gas prices have eased significantly from the record-high levels in 2022 following Russia's invasion of Ukraine, the market is still susceptible to volatility as little new supply has come online. Europe has turned to LNG to help fill the void left by Russian pipeline gas, risking more competition with Asia, home to the largest consumers of the seaborne fuel. The North Asia LNG futures curve shows higher prices for this and next winter, before they slump from 2026 as new supply enters the market. Still, Europe is heading into the colder months with inventories almost completely full, which will help temper future price gains. This has al
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